Numbers are favorable .....
Net income, $8.6 million;
Adjusted EBITDA $21.8 million;
Distribution coverage ratio of 0.7x;
Net leverage ratio of 1.4x;
Strongest third quarter production in the history of the Pennsylvania Mining Complex (PAMC).
CAGR Cash from ops. (past 5 qrts.): ~ -12%;
CAGR Cash from ops. (1.5 yrs.): ~ +24.8% (assumes 3, 6-month periods @ ~ 76, 86, and 107, includes Q-3 2018;
DCF growth (past 5 qrts): ~ +64% (less CAPX for the quarter - 3 long wall moves & party time off), coverage ratio ~ 0.76 (assumes CAPX for the quarter)
My suggested 1-yr. target price range on CCR, ~20.75 - 25, assuming cash from ops. choked at ~ 25% CAGR, for 20% upside, target buy at ~17